RE:net loss before tax of $5,533LARGO RESOURCES LTD. Expressed in thousands / 000’s of U.S. dollars and shares (except per share information) Unaudited Condensed Interim Consolidated Financial Statements For The Three and Six Months Ended June 30, 2020 and 2019 1 --The accompanying notes form an integral part of the consolidated financial statements-- CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As at Notes June 30, December 31, January 1, 2020 2019 2019 Restated Restated Assets (notes 3, 5) (notes 3, 5) Current Assets Cash $ 78,215 $ 127,499 $ 151,388 Restricted cash - 76 15 Amounts receivable 6 9,631 6,150 45,932 Inventory 7 29,849 17,981 10,552 Vanadium products 8 - 3,258 - Prepaid expenses 2,128 1,632 2,460 Total Current Assets 119,823 156,596 210,347 Non-current Assets Deferred income tax 16(c) 6,703 10,571 13,863 Mine properties, plant and equipment 9 142,348 190,494 181,685 Total Non-current Assets 149,051 201,065 195,548 Total Assets $ 268,874 $ 357,661 $ 405,895 Liabilities Current Liabilities Accounts payable and accrued liabilities 11 $ 11,898 $ 77,741 $ 24,570 Deferred revenue 2,032 - - Current portion of provisions 349 475 307 Debt 12 24,788 - 86,100 Total Current Liabilities 39,067 78,216 110,977 Non-current Liabilities Provisions 19 5,893 7,342 6,509 Total Non-current Liabilities 5,893 7,342 6,509 Total Liabilities 44,960 85,558 117,486 Equity Issued capital 13 398,765 396,026 378,859 Equity reserves 14 20,996 21,448 26,308 Accumulated and other comprehensive Accumulated other comprehensive loss 1 (114,514) Dfdfd (66,501) Dfdfd (63,6dsfdf (63,634) Deficit (81,333) (78,870) (53,124) Total Equity 223,914 272,103 288,409 Total Liabilities and Equity $ 268,874 $ 357,661 $ 405,895 Commitments and contingenci